Fox Run Management L.L.C. Makes New Investment in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Fox Run Management L.L.C. acquired 40,520 shares of Loma Negra Compania Industrial Argentina S.A. valued at approximately $445,000 in the first quarter of 2023.
• Several large investors increased their stakes in Loma Negra, with INCA Investments LLC raising holdings by 147.2% to a total of 1,860,276 shares worth $20,444,000.
• Analysts have upgraded Loma Negra's stock ratings, with Bank of America raising their price target to $14.00 and Citigroup initiating coverage with a $16.00 price objective.

Fox Run Management L.L.C. purchased a new position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,520 shares of the company's stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOMA. Fourth Sail Capital LP purchased a new position in Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $14,735,000. INCA Investments LLC raised its position in shares of Loma Negra Compania Industrial Argentina by 147.2% in the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock valued at $20,444,000 after purchasing an additional 1,107,669 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Loma Negra Compania Industrial Argentina by 89.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock valued at $16,570,000 after purchasing an additional 655,533 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 1st quarter valued at approximately $4,161,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at approximately $4,516,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Stock Down 1.3%

NYSE LOMA traded down $0.1350 during trading hours on Friday, hitting $10.1650. The company had a trading volume of 249,011 shares, compared to its average volume of 390,520. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $6.76 and a fifty-two week high of $14.17. The business has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $11.33. The firm has a market cap of $1.19 billion, a P/E ratio of 18.48 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 target price on the stock. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price target on the stock in a research report on Monday, May 12th. Finally, Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $13.00 to $15.00 in a research report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.